USD/JPY Live News

This page provides live coverage and news analysis on the USD/JPY currency pair

Advertiser Disclaimer

Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Home

Live News

USD/JPY

Dec. 1, 2023

Weak sentiment sees Dollar/Yen posting 0.91% loss

(23:12) GMT

Dollar/Yen slides down from 148.16 to 146.81 today, losing 134 pips (0.91%).

While price action maintains a negative bias, Japan CFTC JPY speculative net positions released today at 20:30 UTC with a figure of -109,200, while the previous figure was -105,500. United States ISM Manufacturing Prices (Nov) came out at 49.9, while a consensus of analysts was expecting 46.2. United States ISM Manufacturing PMI (Nov) came out at 46.7, while a consensus of analysts was expecting 47.6.

Despite being in the red so far in the current trading session, USD/JPY peaked above its 3 day Simple Moving Average around 148 — typically an early indicator of a new bullish trend beginning to emerge. Dollar/Yen's lower Bollinger Band® is at 146.34, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Dollar/Yen could begin to recover as it approaches significant support, now 59 pips away from 146.22. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems Dollar/Yen is set to appreciate despite today's setback.

In the meantime, negative performances are seen in other pairs, EUR/NZD is down to 1.7525, losing 160 pips, after closing at 1.7685 in the preceding trading session. EUR/AUD closed at 1.63 (down 1.1%). After ending yesterday's session at 161.3, EUR/JPY lost 140 pips and is trading around 159.9.

Having set a peak of 151.71 around 18 days ago, Dollar/Yen is now trading 2.34% below this level.

trade on the USD/JPY

Week to date

Stalemate for Dollar/Yen bulls and bears .

A good end to the trading week, USD/JPY is up to 146.81, after closing yesterday at zero. Overall, a 0% move or 14,681 pips this week. (Start trading Dollar/Yen at FXTM today).

On the flip side, data for United States Pending Home Sales released yesterday at 15:00 UTC is better than expected with -1.5%, but worse than previous figure of 1%. Highly important Initial Jobless Claims data from United States beat analyst expectations of 220,000 with a reading of 218,000.

At the same time, United States ISM Manufacturing Prices (Nov) released today at 15:00 UTC with a figure of 49.9, while the previous figure was 45.1. United States ISM Manufacturing PMI (Nov) came out at 46.7, while a consensus of analysts was expecting 47.6. Japan Capital Spending (YoY) (Q3) came out at 3.4.

Also worthy of note, projections for Japan GDP are set for a continuation of decline with -0.5 while previous data was 1.2; data will be released Thursday.

Elsewhere, Japan Household Spending (MoM) (Oct) will be released Thursday. Japan GDP Price Index (YoY) (Q3) is expected Thursday.

Previous
Weekly Analysis